Salesforce Inc. $CRM Shares Sold by First Horizon Advisors Inc.

Key Points

• First Horizon Advisors Inc. decreased its investment in Salesforce Inc. by 5.8%, selling 1,032 shares, which left them with 16,856 shares valued at approximately $4.6 million.
• Institutional ownership of Salesforce stands at 80.43%, with several firms like Brighton Jones LLC and Revolve Wealth Partners LLC increasing their stakes during the previous quarter.
• Salesforce reported a 9.8% year-over-year revenue growth in its latest quarter, outperforming expectations with $10.24 billion in revenue and earnings of $2.91 per share.

First Horizon Advisors Inc. reduced its position in Salesforce Inc. (NYSE:CRM - Free Report) by 5.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,856 shares of the CRM provider's stock after selling 1,032 shares during the period. First Horizon Advisors Inc.'s holdings in Salesforce were worth $4,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock worth $8,582,000 after purchasing an additional 3,102 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Salesforce by 12.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock worth $611,000 after buying an additional 205 shares during the period. Bison Wealth LLC raised its stake in shares of Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock worth $747,000 after buying an additional 184 shares during the period. New Insight Wealth Advisors raised its stake in shares of Salesforce by 5.1% during the 1st quarter. New Insight Wealth Advisors now owns 3,729 shares of the CRM provider's stock worth $1,001,000 after buying an additional 182 shares during the period. Finally, Silphium Asset Management Ltd raised its position in Salesforce by 75.9% during the first quarter. Silphium Asset Management Ltd now owns 13,195 shares of the CRM provider's stock worth $3,541,000 after acquiring an additional 5,695 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on CRM shares. Northland Capmk cut shares of Salesforce from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 14th. Bank of America reduced their price target on shares of Salesforce from $350.00 to $325.00 and set a "buy" rating for the company in a research report on Tuesday, August 26th. UBS Group reduced their price target on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a research report on Monday, August 18th. Roth Capital reissued a "buy" rating and set a $395.00 target price on shares of Salesforce in a report on Thursday, September 4th. Finally, DA Davidson reissued a "neutral" rating and set a $225.00 target price on shares of Salesforce in a report on Thursday, October 16th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $325.23.

Salesforce Price Performance

NYSE:CRM opened at $252.82 on Thursday. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $240.68 billion, a PE ratio of 36.75, a P/E/G ratio of 2.11 and a beta of 1.19. The stock has a 50 day moving average price of $248.05 and a 200 day moving average price of $258.26.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter last year, the firm earned $2.56 earnings per share. The business's revenue for the quarter was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Equities research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is presently 24.13%.

Insider Transactions at Salesforce

In other news, CEO Marc Benioff sold 122 shares of the firm's stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $3,085,096,889. This trade represents a 0.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 76,622 shares of company stock worth $18,858,631 in the last ninety days. 3.00% of the stock is currently owned by company insiders.

Salesforce Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.

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